TTM Technologies

TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board (PCB), RF&S Components, and Electro-Mechanical Solutions. The PCB segment consists of fifteen domestic PCB and sub-system plants, five PCB fabrication plants in China, and one in Canada. The RF&S Components segment consists of one domestic RF component plant and one RF component plant in China. The E-M Solutions segment consists of three custom electronic assembly plants in China. The company offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. TTM Technologies was founded on March 20, 1978 and is headquartered in Santa Ana, CA.

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TTM Technologies reports solid Q4 results amidst market challenges

TTM Technologies delivered strong financial performance in Q4, driven by robust demand in Aerospace and Defense.
Strategic acquisitions and operational improvements have enhanced profitability and positioned the company for growth.
Challenges in commercial markets persist, but opportunities in the automotive sector and cost management strategies offer potential.
Overall, TTM Technologies remains resilient with a focus on operational efficiency and financial stability.

TTM Technologies reports mixed Q1 results, eyes growth opportunities

TTM Technologies navigated mixed Q1 results with strong A&D market demand but challenges in commercial sectors.
Strategic acquisitions and debt management showcase the company's focus on growth and financial stability.
Operational challenges like supply chain issues and market weaknesses require targeted strategies for improvement.

TTM Technologies reports solid Q2 performance amidst market challenges

TTM Technologies delivered solid Q2 performance, meeting revenue guidance and showcasing strength in Aerospace and Defense and Data Center Computing markets.
While facing supply chain challenges and market fluctuations, the company remains resilient with a focus on cost savings, margin optimization, and strategic acquisitions.
Opportunities lie in the Automotive and medical industrial sectors, along with progress in commercial markets, signaling potential for revenue growth and market expansion.
With a strong financial position and ongoing operational improvements, TTM Technologies is well-positioned to navigate challenges and capitalize on emerging opportunities for sustainable growth.

TTM reports mixed Q3 results, focuses on operational enhancements

TTM Technologies delivered mixed results in Q3 2023 with strong revenue growth but a net loss, focusing on operational enhancements and strategic acquisitions
The company faces challenges in certain market segments and supply chain disruptions, while aiming to capitalize on increased demand for advanced PCB products
TTM's performance highlights the importance of operational efficiency, strategic investments, and adapting to evolving market dynamics

TTM Technologies surpasses Q4 earnings expectations, eyes aerospace growth

TTM Technologies delivered strong Q4 results, exceeding non-GAAP EPS guidance and showcasing solid performance in key markets.
Strategic moves to transform the business and enhance operational efficiencies position TTM for long-term growth and resilience.
Despite challenges in certain segments and regions, TTM is focused on leveraging opportunities in aerospace, defense, and regional expansion.

TTM Technologies surpasses Q1 expectations, eyes growth amid operational challenges

TTM Technologies delivered a robust performance in Q1 2024, exceeding earnings expectations and demonstrating resilience in key markets.
While facing challenges such as margin improvement and labor issues, the company remains well-positioned to capitalize on growth opportunities.
With a solid financial foundation, strategic initiatives, and positive guidance for Q2 2024, TTM Technologies shows promise for continued success and value creation.

TTM Technologies exceeds Q2 expectations, eyes aerospace market expansion

TTM Technologies' Q2 2024 earnings call showcased robust financial performance, driven by strategic focus on key markets and operational improvements. With strong sales in aerospace and defense, the company aims to mitigate cyclicality and enhance differentiation through targeted investments. Challenges lie in optimizing operations post-facility closures, while opportunities for growth abound in expanding technology capabilities and increasing engagement.

TTM Technologies posts robust Q3 results, eyes strategic transformation

TTM Technologies (TTMI) reported a strong Q3 performance with revenue growth and operational improvements.
The company is strategically transforming its business to reduce cyclicality and enhance differentiation.
While facing challenges in the automotive segment, TTM's focus on new facilities and operational efficiency is promising.
With solid cash flow, minimal aerospace exposure, and growth opportunities, TTM is poised for future success.

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TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the Printed Circuit Board and RF&S Components segments. The Printed Circuit Board segment consists of fifteen domestic PCB and sub-system plants, five PCB fabrication plants in China, and one in Canada. The RF&S Components segment consists of one domestic RF component plant and one RF component plant in China. The company offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. The company was founded on March 20, 1978 and is headquartered in Santa Ana, CA.

SANTA ANA, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies and printed circuit boards (“PCBs”), today announced the closing and syndication of a new $350 million senior secured term loan (the “New Term Loan Facility”) and the closing of a new U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million (the “New U.S. ABL Facility”).

TTM Announces Closing of New Term Loan Facility and New U.S. ABL Facility

SANTA ANA, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies and printed circuit boards (“PCB”s) announces that it will exhibit at the 2023 International Electronics Circuit Exhibition (Shenzhen), at Booth #2C31 from May 24-26, 2023 in the Shenzhen World Exhibition & Convention Center (Bao'an), China. The theme of this year's event is “Digitizing the Future”.

TTM Technologies, Inc. To Exhibit at the International Electronics Circuit Exhibition in Shenzhen, China

TTM Technologies, Inc. (NASDAQ:TTMI ) Q1 2023 Earnings Conference Call May 3, 2023 4:30 PM ET Company Participants Sameer Desai - Senior Director, Corporate Development & IR Thomas Edman - President and CEO Todd Schull - EVP and CFO Conference Call Participants William Stein - Truist Securities Griffin Boss - B. Riley Securities Jim Ricchiuti - Needham & Co Operator Good afternoon, ladies and gentlemen.

TTM Technologies, Inc. (TTMI) Q1 2023 Earnings Call Transcript

SANTA ANA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) today announced that its Board of Directors authorized a share repurchase program allowing the Company to repurchase its outstanding common stock with an aggregate market value of up to $100 million from time to time through May 3, 2025.

TTM Technologies, Inc. Board of Directors Approves $100 million Share Repurchase Program

TTM Technologies (TTMI) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.24 per share a year ago.

TTM Technologies (TTMI) Misses Q1 Earnings and Revenue Estimates

SANTA ANA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including engineered systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and printed circuit boards (“PCB”), today reported results for the first quarter fiscal 2023, which ended on April 3, 2023.

TTM Technologies, Inc. Reports Fiscal First Quarter 2023 Results

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SANTA ANA, Calif., April 12, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, May 3, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its first quarter fiscal year 2023 performance.

TTM Technologies, Inc. to Conduct First Quarter Fiscal Year 2023 Conference Call on May 3, 2023

SANTA ANA, Calif., March 09, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including engineered systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies and printed circuit boards (“PCB”s), today announced that that it has signed a definitive agreement to sell its Shanghai Backplane Assembly (“BPA”) for approximately $11.8 million, subject to customary post-closing adjustments, to DBG Holdings Limited (“DBG”), which is wholly owned by DBG Technology Co, Ltd., a public company traded on the Shenzhen Stock Exchange. We expect this transaction to close near the end of the first quarter. BPA is a small assembly facility that generated $44.7 million in revenues and an immaterial amount of operating income in 2022.

TTM Technologies, Inc. Announces Sale of Shanghai Backplane Assembly Facility

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SANTA ANA, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM"), a leading global manufacturer of technology solutions including engineered systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies, and printed circuit boards ("PCBs"), has expanded its Radio Frequency and Specialty Components ("RF&S") product offering by announcing its largest product release to date with the introduction of the 0603 (1.5mm x 0.7mm) narrow and broadband couplers and balun transformers.

TTM Technologies, Inc. Introduces New Family of 0603 Radio Frequency Components for 5G Transceivers and Power Amplifiers, Its Radio Frequency and Specialty Components Business Unit's Most Extensive Product Release to Date

Fourth-quarter results and forward guidance fell short of expectations.

Why TTM Technologies Stock Is Crumbling Today

TTM Technologies, Inc. (NASDAQ:TTMI ) Q4 2022 Earnings Conference Call February 8, 2023 4:30 PM ET Company Participants Sameer Desai - Senior Director, Corporate Development & IR Thomas Edman - President and CEO Todd Schull - EVP and CFO Conference Call Participants James Ricchiuti - Needham & Co. Mike Crawford - B. Riley Securities Matt Sheerin - Stifel Operator Good afternoon ladies and gentlemen.

TTM Technologies, Inc. (TTMI) Q4 2022 Earnings Call Transcript

TTM (TTMI) delivered earnings and revenue surprises of 7.89% and 5.50%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

TTM Technologies (TTMI) Tops Q4 Earnings Estimates

SANTA ANA, Calif., Feb. 08, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including engineered systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and printed circuit boards (“PCB”), today reported results for the fourth quarter and fiscal 2022, which ended on January 2, 2023.

TTM Technologies, Inc. Reports Fiscal Fourth Quarter and 2022 Results

Streamlined Operations Enables Greater Customer Focus and Lowers Cost Structure Streamlined Operations Enables Greater Customer Focus and Lowers Cost Structure

TTM Technologies, Inc. Announces Consolidation of Manufacturing Footprint

SANTA ANA, Calif., Feb. 02, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (“TTM,” NASDAQ: TTMI), a leading global manufacturer of technology solutions including engineered systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and printed circuit boards (“PCB”), announced today that pending confirmation by the Defense Counterintelligence and Security Agency (“DCSA”), the TTM Board of Directors has adopted a Special Board Resolution (“SBR”), replacing the Special Security Agreement (“SSA”) that the Company had entered into with the DCSA in 2010. The replacement of the SSA with the SBR is a result of the significantly reduced foreign ownership of TTM. The effective date of the SBR is February 2nd, 2023.

TTM Technologies, Inc. Adopts Special Board Resolution with Defense Counterintelligence and Security Agency Replacing Special Security Agreement

SANTA ANA, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, February 8, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2022 performance.

TTM Technologies, Inc. to Conduct Fourth Quarter and Fiscal Year 2022 Conference Call on February 8, 2023

SANTA ANA, Calif., Jan. 17, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM") announces it has made a $20,000 donation to Long Island Cares – Harry Chapin Food Bank through its TTM Chair of Community Service Award on behalf of TTM's Huntington facility's volunteer group, Garden on the Hill.

TTM Technologies Makes a Sizable Donation to Long Island Cares – Harry Chapin Food Bank through TTM Chair of Community Service Award

The Multi-Year Agreement Covers up to Five Years and $500 Million The Multi-Year Agreement Covers up to Five Years and $500 Million

Raytheon Missiles & Defense and TTM Technologies, Inc. Reach Agreement to Purchase SPY-6 Radar Components

The mean of analysts' price targets for TTM (TTMI) points to a 30.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Can TTM (TTMI) Climb 31% to Reach the Level Wall Street Analysts Expect?

TTM Technologies, Inc. (NASDAQ:TTMI ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Sameer Desai - Senior Director, Corporate Development & IR Thomas Edman - President and CEO Todd Schull - EVP and CFO Conference Call Participants William Stein - Truist Securities Michael Crawford - B. Riley Securities James Ricchiuti - Needham & Company Tyler Burmeister - Craig Hallum Matthew Sheerin - Stifel Sameer Desai Thanks for everyone's patience.

TTM Technologies, Inc. (TTMI) Q3 2022 Earnings Call Transcript

TTM (TTMI) delivered earnings and revenue surprises of 30.23% and 0.69%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

TTM Technologies (TTMI) Q3 Earnings Surpass Estimates

SANTA ANA, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) today is providing new dial in information for its third quarter earnings call. Due to technical difficulties with the vendor that hosts its earnings calls, we will be beginning the call today on Wednesday, November 2, at 5:00 p.m. Eastern Time/2:00 p.m. Pacific Time to discuss its third quarter fiscal year 2022 performance.

TTM Technologies, Inc. Provides New Dial In Information for a Third Quarter FY 2022 Conference Call November 2, 2022

SANTA ANA, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including engineered systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and printed circuit boards (“PCB”), today reported results for the third quarter fiscal 2022, which ended on October 3, 2022 and includes a full quarter's contribution from the acquisition of Telephonics, which closed at the end of the second quarter of 2022.

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